Lionsgate Studios (NYSE:LION) Posts Quarterly Earnings Results, Misses Estimates By $0.14 EPS

Lionsgate Studios (NYSE:LION) announced its earnings results on Thursday. The company reported ($0.27) EPS for the quarter, missing analysts’ consensus estimates of ($0.13) by ($0.14), Zacks reports.

Lionsgate Studios Trading Down 1.8%

Shares of LION stock traded down $0.13 on Friday, reaching $6.90. The company’s stock had a trading volume of 2,600,162 shares, compared to its average volume of 2,446,866. The stock’s fifty day simple moving average is $6.56 and its 200-day simple moving average is $6.62. Lionsgate Studios has a 1 year low of $5.55 and a 1 year high of $8.50. The company has a market capitalization of $2.00 billion, a price-to-earnings ratio of -10.30 and a beta of -0.12.

Analyst Ratings Changes

Several research firms have recently commented on LION. Zacks Research raised Lionsgate Studios from a “strong sell” rating to a “hold” rating in a research note on Tuesday, October 7th. Wells Fargo & Company began coverage on shares of Lionsgate Studios in a research note on Tuesday, August 5th. They issued an “overweight” rating and a $9.00 price objective for the company. Weiss Ratings reiterated a “sell (d-)” rating on shares of Lionsgate Studios in a research note on Wednesday, October 8th. Wall Street Zen cut Lionsgate Studios from a “hold” rating to a “sell” rating in a research report on Sunday, August 10th. Finally, Barrington Research restated an “outperform” rating and issued a $8.50 price target on shares of Lionsgate Studios in a research note on Friday. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $8.73.

Institutional Trading of Lionsgate Studios

A number of large investors have recently made changes to their positions in the business. Osaic Holdings Inc. lifted its holdings in shares of Lionsgate Studios by 4,852.0% in the 2nd quarter. Osaic Holdings Inc. now owns 4,952 shares of the company’s stock valued at $29,000 after acquiring an additional 4,852 shares during the last quarter. Orion Porfolio Solutions LLC bought a new stake in shares of Lionsgate Studios in the 2nd quarter valued at approximately $70,000. Tower Research Capital LLC TRC lifted its stake in shares of Lionsgate Studios by 566.5% in the 2nd quarter. Tower Research Capital LLC TRC now owns 18,470 shares of the company’s stock valued at $107,000 after purchasing an additional 15,699 shares during the last quarter. Corient Private Wealth LLC purchased a new position in shares of Lionsgate Studios in the 2nd quarter worth approximately $93,000. Finally, Sender Co & Partners Inc. bought a new position in shares of Lionsgate Studios during the 2nd quarter valued at approximately $201,000.

Lionsgate Studios Company Profile

Lionsgate Studios Corp. engages in the provision of motion picture and studio operations that bring a varied portfolio of entertainment to consumers. The company is headquartered in Santa Monica, CA.